Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Oil prices steady as U.S.-Iran deal eases Strait of Hormuz tensions, OPEC rejects demand peak forecasts

Market News
18 Jun 2026
CNBC
View Source
Neutral
pluang ai news

Oil prices remained steady with Brent crude at $79.49 and WTI at $76.36 per barrel as markets reacted to the interim U.S.-Iran agreement and signs of resumed shipping through the Strait of Hormuz. Vice President JD Vance noted no Iranian attacks on ships for two nights, indicating compliance with the deal. Meanwhile, OPEC's Secretary General dismissed forecasts of an imminent global oil demand peak and supply glut, focusing instead on current fundamentals. Analysts expect oil prices to trade between $75 and $82 per barrel in the near term, with market caution around the pace of shipping normalization.

More News

Automated liquid handling systems market to reach $6.9B by 2035, growing at 9.8% CAGR driven by pharma and biotech demand.

Automated liquid handling systems market to reach $6.9B by 2035, growing at 9.8% CAGR driven by pharma and biotech demand.

The global automated liquid handling systems market was valued at $2.7 billion in 2025 and is projected to grow to $6.9 billion by 2035, with a compound annual growth rate (CAGR) of 9.8%. This growth is driven by increasing pharmaceutical and biotech...

Market News
Bullish
1 hour ago
InnSuites reports Q1 net income profit and explores reverse merger to boost growth.

InnSuites reports Q1 net income profit and explores reverse merger to boost growth.

InnSuites Hospitality Trust posted a net income profit of $74,702 in the first quarter of fiscal 2027, marking a modest improvement from the prior year. The company achieved record hotel revenues of approximately $2.2 million and strong hotel occupan...

Company Fundamentals
Bullish
1 hour ago
Innovator ETFs to liquidate two funds, trading ends July 10, 2026

Innovator ETFs to liquidate two funds, trading ends July 10, 2026

Innovator Capital Management announced the liquidation of two ETFs: the Innovator Gradient Tactical Rotation Strategy ETF and the Innovator Hedged Nasdaq-100 ETF. Trading for these funds will cease after market close on July 10, 2026, with liquidatio...

Company Fundamentals
Bearish
2 hours ago
AlphaPepe confirms Azbit CEX partnership, raises $1.65M, plans more exchange deals amid Ethereum $4,000 price talk

AlphaPepe confirms Azbit CEX partnership, raises $1.65M, plans more exchange deals amid Ethereum $4,000 price talk

AlphaPepe has confirmed its first centralized exchange partnership with Azbit as part of its launch preparations, raising $1.65 million in its presale with over 8,600 holders. The project is also developing its AlphaSwap platform and has completed a ...

Market News
Bullish
3 hours ago
USANA Health Sciences restructures amid margin pressure, targets strong profit growth ahead.

USANA Health Sciences restructures amid margin pressure, targets strong profit growth ahead.

USANA Health Sciences is currently undergoing a restructuring process that is causing temporary pressure on its profit margins. Despite a recent slowdown in growth and a decline in earnings per share and gross margin, the company is positioning itsel...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App